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General Plan Update - City of Inglewood

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5.2 Housing Value<br />

Single Family Residential<br />

• As shown in Table 5-3, according to DataQuick the median price <strong>of</strong> a single-family<br />

residence sold in the <strong>City</strong> <strong>of</strong> <strong>Inglewood</strong> in February, 2006 was $475,000.<br />

• In comparison, the median price <strong>of</strong> a single-family residence sold in the South Bay Cities<br />

was significantly higher at $795,000, and $525,000 in the County.<br />

• Within the South Bay, the <strong>City</strong> <strong>of</strong> Manhattan Beach had the highest single-family<br />

residence median sales price at $1.95 million.<br />

Table 5-3<br />

<strong>City</strong> <strong>of</strong> <strong>Inglewood</strong>, South Bay Cities, and Los Angeles County<br />

Single Family Median Sales Price: February 2006<br />

Single Family Residences<br />

ZIP CODE No. Sold Price ('000s) % change 1<br />

<strong>Inglewood</strong> 90301 3 $470 17.4%<br />

<strong>Inglewood</strong> 90302 8 458 26.2%<br />

<strong>Inglewood</strong> 90303 3 450 20.6%<br />

<strong>Inglewood</strong> 90304 4 450 47.5%<br />

<strong>Inglewood</strong> 90305 3 585 37.6%<br />

<strong>Inglewood</strong> Total 21 $475 n/a<br />

Carson 90745 21 $500 17.1%<br />

Carson 90746 10 540 22.6%<br />

El Segundo 90245 4 920 26.5%<br />

Gardena 90247 10 449 16.8%<br />

Gardena 90248 2 464 14.1%<br />

Gardena 90249 12 510 18.3%<br />

Hawthorne 90250 22 538 13.8%<br />

Hermosa Beach 90254 4 970 -2.1%<br />

Lawndale 90260 8 580 27.8%<br />

Lomita 90717 6 549 -1.5%<br />

Manhattan Beach 90266 22 1,950 23.8%<br />

Palos Verdes Estates 2 90274 15 1,375 11.7%<br />

Rancho Palos Verdes 90275 11 1,100 14.3%<br />

Redondo Beach 90277 10 1,000 23.5%<br />

Redondo Beach 90278 17 731 2.0%<br />

Torrance 90501 15 555 13.3%<br />

Torrance 90502 7 540 25.0%<br />

Torrance 90503 13 758 15.8%<br />

Torrance 90504 9 615 8.1%<br />

Torrance 90505 12 775 3.5%<br />

South Bay Cities Total 251 $795 n/a<br />

(including <strong>Inglewood</strong>)<br />

Los Angeles County 4,299 $525 19.3%<br />

1. Indicates percent change from February, 2005.<br />

2. Rolling Hills and Rolling Hills Estates fall within the zip code 90274.<br />

Source: Stanley R. H<strong>of</strong>fman Associates, Inc.<br />

DataQuick Datanews. February, 06<br />

5-3 Single Family Median Sales Price: February 2006<br />

Stanley R. H<strong>of</strong>fman Associates, Inc. 52 Economic Conditions and Trends<br />

April 20, 2006<br />

<strong>City</strong> <strong>of</strong> <strong>Inglewood</strong> <strong>General</strong> <strong>Plan</strong> <strong>Update</strong>

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